High Options Trading Volume Highlights Key Stocks in Russell 3000

Today brought significant activity in options trading for several companies within the Russell 3000 index. Notably, Sable Offshore Corp (Symbol: SOC), Papa John’s International, Inc. (Symbol: PZZA), and Hut 8 Corp (Symbol: HUT) experienced remarkable contract volumes, reflecting investor interest.

Sable Offshore Corp Shows Strong Call Options Activity

Sable Offshore Corp (SOC) reported a total of 7,669 options contracts traded today. This figure represents about 766,900 underlying shares and constitutes approximately 61.3% of SOC’s average daily trading volume of 1.3 million shares over the past month. The $30 strike call option, expiring January 17, 2025, led the activity with 1,844 contracts traded, accounting for around 184,400 underlying shares of SOC. Below is a chart illustrating SOC’s trading history for the last twelve months, with the $30 strike highlighted in orange:

Significant Options Movement for Papa John’s

Papa John’s International, Inc. (PZZA) also witnessed a brisk trading session, with 6,369 options contracts traded, representing about 636,900 underlying shares. This trading volume is approximately 58.6% of PZZA’s average daily trading volume of 1.1 million shares over the past month. The $55 strike call option, set to expire on December 20, 2024, was particularly active, with 4,318 contracts exchanged, equating to about 431,800 underlying shares of PZZA. Below is a chart displaying PZZA’s trading history over the past twelve months, with the $55 strike marked in orange:

Hut 8 Corp Sees Extensive Trading Volumes

Today, Hut 8 Corp (HUT) recorded an impressive 45,893 options contracts, which translates to approximately 4.6 million underlying shares. This represents a noteworthy 55.9% of HUT’s average daily trading volume of 8.2 million shares over the past month. The $31 strike call option expiring on December 13, 2024, was particularly prominent, with 6,737 contracts traded, approximating 673,700 underlying shares of HUT. Below is a chart illustrating HUT’s trading history for the last twelve months, with the $31 strike highlighted in orange:

For more information about available expirations for SOC, PZZA, or HUT options, please visit StockOptionsChannel.com.

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